Total will continue working at risk-prone frontiers such as Russia and Iran partly because they bring higher returns, but also hopes to expand in developed-world locations such as the US and is committed to its North Sea business, the company’s exploration and production president, Arnaud Breuillac, said in an interview. Breuillac, speaking to S&P Global Platts this week, stressed Total’s long-term commitment to countries like Brazil, Russia, and Venezuela, and played down political disruptions including Brexit and Brazil’s elections in October. Breuillac also emphasized Total’s commitment to the North Sea as it completes its purchase of Maersk Oil, and voiced confidence in the Forties pipeline and its operator Ineos, after a crack that disrupted export flows in December. He defended Total’s role in making some of the biggest commitments among its peers to countries that are the target of international sanctions, saying Total always abided by local and international […]